Rexford Industrial Realty (REXR) Position Boosted by Teachers Insurance & Annuity Association of America

Teachers Insurance & Annuity Association of America increased its position in Rexford Industrial Realty (NYSE:REXR) by 19.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 100,517 shares of the real estate investment trust’s stock after purchasing an additional 16,605 shares during the period. Teachers Insurance & Annuity Association of America’s holdings in Rexford Industrial Realty were worth $2,894,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in shares of Rexford Industrial Realty by 9.1% during the 4th quarter. BlackRock Inc. now owns 7,037,823 shares of the real estate investment trust’s stock valued at $205,221,000 after buying an additional 588,051 shares during the period. Deutsche Bank AG boosted its stake in shares of Rexford Industrial Realty by 1.2% during the 4th quarter. Deutsche Bank AG now owns 6,101,827 shares of the real estate investment trust’s stock valued at $177,925,000 after buying an additional 73,254 shares during the period. Teachers Advisors LLC boosted its stake in shares of Rexford Industrial Realty by 0.9% during the 4th quarter. Teachers Advisors LLC now owns 2,462,427 shares of the real estate investment trust’s stock valued at $71,804,000 after buying an additional 21,827 shares during the period. Prudential Financial Inc. boosted its stake in shares of Rexford Industrial Realty by 1.5% during the 1st quarter. Prudential Financial Inc. now owns 1,797,874 shares of the real estate investment trust’s stock valued at $51,761,000 after buying an additional 26,991 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of Rexford Industrial Realty by 35.3% during the 4th quarter. Renaissance Technologies LLC now owns 1,331,200 shares of the real estate investment trust’s stock valued at $38,818,000 after buying an additional 347,400 shares during the period. 99.73% of the stock is owned by hedge funds and other institutional investors.

REXR stock opened at $30.95 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.08 and a quick ratio of 1.08. Rexford Industrial Realty has a 1 year low of $31.16 and a 1 year high of $31.48. The firm has a market capitalization of $2.54 billion, a P/E ratio of 30.96, a price-to-earnings-growth ratio of 4.80 and a beta of 0.73.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.10). Rexford Industrial Realty had a net margin of 28.58% and a return on equity of 4.29%. The business had revenue of $45.88 million during the quarter, compared to analyst estimates of $45.29 million. equities analysts forecast that Rexford Industrial Realty will post 1.06 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 16th. Investors of record on Friday, June 29th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Thursday, June 28th. Rexford Industrial Realty’s payout ratio is presently 66.67%.

In related news, CFO Adeel Khan sold 17,599 shares of Rexford Industrial Realty stock in a transaction on Friday, May 11th. The shares were sold at an average price of $32.36, for a total value of $569,503.64. Following the completion of the sale, the chief financial officer now owns 9,053 shares of the company’s stock, valued at approximately $292,955.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.10% of the stock is currently owned by insiders.

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus lifted their target price on shares of Rexford Industrial Realty from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, May 4th. Zacks Investment Research lowered shares of Rexford Industrial Realty from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. DA Davidson lifted their target price on shares of Rexford Industrial Realty from $34.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, May 2nd. B. Riley set a $30.00 target price on shares of Rexford Industrial Realty and gave the company a “hold” rating in a research note on Tuesday, February 20th. Finally, Capital One lowered shares of Rexford Industrial Realty from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, February 14th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $32.33.

Rexford Industrial Realty Company Profile

Rexford Industrial is a real estate investment trust focused on owning and operating industrial properties in Southern California infill markets. The Company owns 150 properties with approximately 18.5 million rentable square feet and manages an additional 19 properties with approximately 1.2 million rentable square feet.

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Institutional Ownership by Quarter for Rexford Industrial Realty (NYSE:REXR)

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